Shares of OCI Partners LP (NYSE:OCIP) have been assigned an average broker rating score of 5.00 (Strong Sell) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong sell recommendation.

Analysts have set a 1-year consensus target price of $7.50 for the company, according to Zacks. Zacks has also given OCI Partners an industry rank of 67 out of 265 based on the ratings given to related companies.

Several equities analysts recently commented on OCIP shares. BidaskClub raised shares of OCI Partners from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 11th. ValuEngine upgraded shares of OCI Partners from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. Finally, Citigroup set a $7.00 price objective on shares of OCI Partners and gave the stock a “sell” rating in a report on Monday, August 14th.

OCI Partners (NYSE OCIP) remained flat at $$7.25 on Monday. The stock had a trading volume of 3,000 shares, compared to its average volume of 16,601. OCI Partners has a 1-year low of $6.50 and a 1-year high of $10.35. The company has a debt-to-equity ratio of 3.15, a current ratio of 0.78 and a quick ratio of 0.60.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date is Thursday, November 16th. OCI Partners’s dividend payout ratio is presently -533.33%.

In related news, Director Nassef Sawiris bought 5,000 shares of the stock in a transaction on Wednesday, November 22nd. The shares were acquired at an average price of $7.12 per share, for a total transaction of $35,600.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Nathaniel A. Gregory bought 10,000 shares of the stock in a transaction on Friday, September 8th. The shares were bought at an average price of $8.35 per share, for a total transaction of $83,500.00. Following the purchase, the insider now directly owns 10,000 shares in the company, valued at approximately $83,500. The disclosure for this purchase can be found here. Insiders have purchased a total of 26,200 shares of company stock worth $199,292 over the last three months.

A number of institutional investors and hedge funds have recently made changes to their positions in OCIP. Cowen Inc. lifted its position in OCI Partners by 117.9% in the second quarter. Cowen Inc. now owns 208,420 shares of the basic materials company’s stock worth $1,845,000 after buying an additional 112,750 shares during the last quarter. Bard Associates Inc. lifted its position in shares of OCI Partners by 1.0% during the second quarter. Bard Associates Inc. now owns 144,400 shares of the basic materials company’s stock worth $1,278,000 after purchasing an additional 1,500 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of OCI Partners by 13.9% in the first quarter. Renaissance Technologies LLC now owns 60,608 shares of the basic materials company’s stock valued at $606,000 after acquiring an additional 7,418 shares in the last quarter. Quinn Opportunity Partners LLC raised its holdings in shares of OCI Partners by 32.1% in the second quarter. Quinn Opportunity Partners LLC now owns 55,985 shares of the basic materials company’s stock valued at $495,000 after acquiring an additional 13,600 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of OCI Partners in the third quarter valued at about $269,000. 15.04% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “OCI Partners LP (OCIP) Given $7.50 Average Target Price by Analysts” was first posted by American Banking News and is the property of of American Banking News. If you are reading this report on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright laws. The original version of this report can be read at https://www.americanbankingnews.com/2017/12/04/oci-partners-lp-ocip-given-7-50-average-target-price-by-analysts.html.

OCI Partners Company Profile

OCI Partners LP owns and operates an integrated methanol and ammonia production facility that is located on the Texas Gulf Coast near Beaumont. The Company has an annual methanol production capacity of approximately 912,500 metric tons and an annual ammonia production capacity of approximately 331,000 metric tons.

Get a free copy of the Zacks research report on OCI Partners (OCIP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for OCI Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OCI Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.